Himalayan Bank concludes its 27th AGM

Kathmandu, February 13: The 27th Annual General Meeting of Himalayan Bank Limited has been here in the capital concluded on Wednesday (Feb 13).

The AGM was chaired by the Chairman of the BOD Mr. Manoj Bahadur Shrestha. The AGM has decided to provide a 10 percent bonus share and a 12 percent cash dividend on the paid-up capital to the shareholders. After the issuance of the bonus shares, the Bank’s paid-up capital will be Rs. 9.372 billion.

On behalf of the Board of Directors, Mr. Manoj Bahadur Shrestha, Chairman of the Bank, presented the Bank’s Annual Report for the fiscal year 2018/19. Presenting it, Chairman Mr. Shrestha claimed that the Bank is continuously improving its service because of the trust of the customers and the creative effort of the Management.

Chairman Mr. Shrestha also stated that the Bank has become one of the leading, reliable and secured banks in the Nepalese financial sector during the period of the last 27 years.

Chairman Mr. Shrestha informed that the Bank’s total deposit base reached Rs. 113.09 billion during the review period, recording a growth of 13.38 percent over the previous year. Similarly, the loans and advances reached Rs. 98.21 billion recording a growth of 13.08 percent.

On the AGM, Mr. Ramesh Sapkota, an election officer, has declared that Mr. Prachanda Bahadur Shrestha, Mr. Faisal N. Lalani, Mr. Tulasi Prasad Gautam, Mr. Sunil Bahadur Thapa, and Mr. Ashish Sharma have been elected unopposed on the post of Director representing Promoter Shareholders.

Congratulating the newly elected/nominated Directors, Mr. Shrestha highlighted various activities of the Bank. He further added that the Bank has aimed to open at least 12 new branches in the current fiscal year. Further, he stated that the Bank will continuously put its effort to make products and services of the Bank qualitative and attractive. 

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